The Captains Chest - Naked Trading & Other Stuff

[jasonckb]

start to practice CJ style.....

Any comment on the GBPUSD chart?

[kwanann]

start to practice CJ style.....

Any comment on the GBPUSD chart?

Looks like L1..

[jasonckb]

start to practice CJ style.....

Any comment on the GBPUSD chart?

Or this one more appropriate?

[seanyd]

Enjoy skinning the fox

Btw you trade the m15?

Thanks

Yes only the 15min , look to other timeframes for other clues... pins , s/r zones , round numbers and MA`s

I seen the RRT on the Usd/chf entered there , then they spiked it 1 more time so I put another position on their , got 50 pips game over I have circled were I should have exited but 50 pips is plenty.

Notice too all NY reversals .

usdchf_ukm15.png

,

also done the same usd/jpy

usdjpy_ukm15.png

Seen the same although very distorted on Usd/cad but hadn`t enough margin left to trade this

usdcad_ukm15.png

[bluedog23]

start to practice CJ style.....

Any comment on the GBPUSD chart?

Or this one more appropriate?

currency slope.png

gbp usd m30.png

jasonckb

Like your first scenario better. USD is showing signs of slowing down and GBP may continue to turn around. Possible scenario is shown here. One thing to note with this pair is that the UK has, like Japan, indicated they would like to see the GBP lower to make it more competitive with other currencies. We will have to see how that translates over the coming weeks.

Also looks like stop hunts at each level before moving up. Generally want to buy the stop hunt in an uptrend and sell it in a downtrend.

[kwanann]

Gbpusd, look at the daily and you should have your answer

[kwanann]

Enjoy skinning the fox

Btw you trade the m15?

Thanks

Yes only the 15min , look to other timeframes for other clues... pins , s/r zones , round numbers and MA`s

I seen the RRT on the Usd/chf entered there , then they spiked it 1 more time so I put another position on their , got 50 pips game over I have circled were I should have exited but 50 pips is plenty.

Notice too all NY reversals .

usdchf_ukm15.png

,

also done the same usd/jpy

usdjpy_ukm15.png

Seen the same although very distorted on Usd/cad but hadn`t enough margin left to trade this

usdcad_ukm15.png

Chf is a tricky pair, they like to fuzz it up with all sorts of patterns. My entry was basically trading the small SH where the Tokyo guys indicated their positions, SH down to trigger the short BO traders. Expected a SH up to kill them and catch the long BO traders before going down for a finale finish on Friday. Guess the fox decided to keep it interesting with the news over the weekend and bring it right back in the middle, get everyone trapped for the weekend.

Be careful though, that trade you did is the trip up to trigger the long BO traders, could have gone bad very quickly. Too bad I was spending family time, else the pins would have indicated nice entries long

[jasonckb]

Gbpusd, look at the daily and you should have your answer

Is that what you have seen?

[Berci]

GU.png

I think it's...

[seanyd]

Chf is a tricky pair, they like to fuzz it up with all sorts of patterns. My entry was basically trading the small SH where the Tokyo guys indicated their positions, SH down to trigger the short BO traders. Expected a SH up to kill them and catch the long BO traders before going down for a finale finish on Friday. Guess the fox decided to keep it interesting with the news over the weekend and bring it right back in the middle, get everyone trapped for the weekend.

Be careful though, that trade you did is the trip up to trigger the long BO traders, could have gone bad very quickly. Too bad I was spending family time, else the pins would have indicated nice entries long

Thanks for your advice

My thinking on this was 2 days of drop from peak high , this is the 3rd day and also a Friday
They have been dropping for 2 days buying all the sell orders , time to get it back ,This was the same for all the Majors.

So I am still trading stop hunts

You are right a great trap has been set for the weekend both longs and shorts are trapped

I think now maybe this is level 2 stop hunt beginning of level 3 tomorrow , of course could be wrong again